Offshore news

The consideration to be paid for the interest is US$17.6 million, subject to customary working capital and purchase price adjustments, with an effective date of 31 December 2017.   

Trelleborg’s offshore operation in Skelmersdale, England, has been certified for the design of its Type 3 Clamp under the American Petroleum Institute’s specification for flexible pipe ancillary equipment (API 17L1 Ed. 1 2013).

The project is located in offshore Sabah, Malaysia at a water depth of approximately 1300 m.

The operator became the largest independent E&P company in the region following the US$3 billion deal with Shell earlier this year to acquire the platforms as part of a larger asset package.

Bibby Offshore’s Houston-based division, Bibby Subsea, has successfully completed a significant contract with Shell Pipeline, a subsidiary of Shell Oil US.

Ocean Installer will execute the job as part of an innovative alliance with Baker Hughes, which targets projects where Ocean Installer and Baker Hughes, a GE Company (BHGE) benefits each other.

The package of assets consists of Shell’s interests in Buzzard, Beryl, Bressay, Elgin-Franklin, J-Area, the Greater Armada cluster, Everest, Lomond and Erskine, plus a 10% stake in Schiehallion.

Now with the responsibility for a strategic UK asset that delivers almost 40% of the UK’s North Sea oil and gas output, INEOS has further strengthened its long term oil and gas activity.

This strategic move to expand into the UAE comes after the firms continued success achieved through global distribution channels and an increased demand for safe and reliable EX Equipment in this region.

Cairenn is the first of a series of multi-client surveys that CGG has recently been acquiring in the area. PSDM products for its Galway survey will be delivered before the end of the year.